Abstract
After the collapse of the Soviet Union, Lithuania rapidly started turning towards European trade patterns averting from those of the former communist regime. However, European integration has had an effect not only on convergence of gross domestic product (GDP) but also on convergence of prices as well as on alteration of living standards. The goals of Lithuanian integration to the EU were noted in the National Lithuanian Sustainable Development Strategy. The key objective of sustainable development in Lithuania was to achieve the present developmental level of the EU countries according to indicators of economic and social development. Therefore, the paper compares the convergence across the old and newer member-states of the EU in terms of GDP, household final consumption expenditure and comparative price level indices. In addition, it is revealed that Lithuanian expenditure patterns rapidly approach those of the old member-states of the EU. Consequently, Lithuanian integration to the EU contributes to approaching the EU-15 level what means the successful achievements of Sustainable Development Strategy as well. So, the aim of this paper is to show how successful are Lithuanian sustainable development achievements in terms of GDP, comparative price level and household expenditure within framework of integration to the EU.
Highlights
Sustainable development (SD) is considered the main vision of further development of society
After joining the EU, Lithuania‘s one of the key ambitions is to get closer to the standard of the EU-15 old member-states
The evidence of convergence across the old member states of the EU, which is attributed to the extent of gross domestic product (GDP), prices and household expenditure variance could reveal convergence of newer member-states in the EU model
Summary
Sustainable development (SD) is considered the main vision of further development of society. The Brundtland report defines the sustainable development as “development that meets. Technological and Economic Development of Economy, 2011, 17(1): 62–73 the needs of the present generation without compromising the ability of future generations to meet their own needs” (WCED 1987). Thereby, the aim of SD is to improve the life quality of the present population in a way that will not have a negative impact on future generations. Very rapid growth in population, poverty, gender inequality, education, and medical service problems are characteristics of developing countries. The developed countries mostly face such problems as excessive consumption of natural resources and environmental pollution. Both – developing and developed – countries have one very important common development feature: their progress is based on natural evolution patterns, economic and welfare growth has proceeded at a very different rate
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